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The forint fell to a historic low against the pound and a two-year low against the euro on Thursday as investors reacted to Wednesday’s hawkish message from the US Federal Reserve and its signals of fewer rate cuts than expected earlier.
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Attila Juhasz, the head of EVOSZ's building materials section, said there are very few ongoing state or private investment projects and both consumers and businesses have been put off by high interest rates.
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The number of new passenger car registrations in Hungary rose 28.4pc year-on-year to 10,647 in November, data compiled by the European Automobile Manufacturers' Association (ACEA) show.
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National Economy Minister Marton Nagy announced the appointment of Bence Gerlaki as new state secretary for tax policy, consumer protection and trade.
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Inflation in Hungary will temporarily rise in the coming months, but will remain within the tolerance band throughout most of 2025, Andras Balatoni, a director of the National Bank of Hungary (NBH) said.
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The government considers it unacceptable that Hungary has been fined by Brussels over its migration rules and will take legal steps as already announced in September.
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The president of Ukraine has launched "an ugly campaign" against Hungary in the international arena in recent days, but "one should not fall for his provocations", the foreign minister said on Thursday, prior to attending a general assembly meeting of the United Nations in New York.
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The Hungarian Olympic Committee (MOB) said on Thursday that it acknowledged a Constitutional Court ruling that a decision of the Kuria, in which the supreme court validated a planned Budapest referendum on hosting the Olympics, had been unconstitutional.
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The fresh newsletter for the International Community in Hungary - described by readers as a "Great read each week" - is now available for your interest and use via the link below.
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The actual individual consumption of the Hungarian population, calculated at purchasing power parity, was 70% of the EU average in 2023, the lowest in the EU, alongside Bulgaria Eurostat reported.
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Hungary's Kravtex-Kuehne group and state-owned bus company Volanbusz presented the first Hungarian-made electric articulated bus in Budapest.
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Subsidies supporting solar panel and battery storage investments have been paid out to over 6,000 households so far, state secretary for energy affairs and climate policy Attila Steiner said on Wednesday on public television.
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Local and central government officials inaugurated a 4-kilometre stretch of the M85 motorway, between the city of Sopron and the border with Austria.
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Hungary has moved up to 4th place in the European Commission's VAT compliance gap ranking, Finance Minister Mihaly Varga said on Facebook.
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